Thank you for Subscribing to Retail Business Review Weekly Brief
Retail Business Review | Tuesday, June 21, 2022
DataWeaves Grocery Price Tracker provides an insight into the U.S. grocery inflation environment.
FREMONT, CA: “DataWeaves Grocery Price Tracker, which will be updated monthly, shows month-over-month price changes starting June 2021. It also indicates shifts in product availability. The American consumer has clearly been feeling more than a pinch at the grocery store. This has been driven by a confluence of ongoing global supply chain constraints, regional conflicts and climate change. All this has added up to pricing pressures and availability issues, said Karthik Bettadapura, CEO of DataWeave. Our data reveals that the sharp price increases we saw in December 2021 across grocery retailers and delivery intermediaries have continued to rise ever since. With our complimentary Tracker, our aim is to enable retailers and analysts alike to spot inflection points for these trends as they evolve.”
DataWeave, one of the leaders in retail data, pricing and AI analytics, unveiled its interactive eCommerce Grocery Price Tracker explaining price changes and serving as an index of U.S. pricing orientation.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
In light of inflation and market-driven economic developments, DataWeave evaluates pricing and availability by category and retailer. Through analysis of over 117,000 SKUs, the Tracker examines how grocery brands and retailers are altering their prices in an inflationary situation to stay connected with an increasingly price-sensitive consumer,
“Each month, the Grocery Price Tracker will highlight the retailer that offers products with a maximum price decrease across a certain category, and one imposing the maximum price increase across a particular category. It also shows average month-over-month price changes across all products tracked within each category and retailer analyzed. With inflation at a 40-year high and dynamic pricing changing the competitive landscape daily, we continue to hear that affordability is top-of-mind for consumers, while availability in certain categories, such as baby formula, has escalated to an urgent national issue, said Krishnan Thyagarajan, President and COO of DataWeave. We hope our ongoing Grocery Price Tracker and inflation indices we are developing for other categories will provide the fastest visibility to the latest trends and greater insight for retailers and brands.”
More in News